Asia will need more energy in the future while the U.S. needs less. Economic growth is the main reason. Experts predict that this will have a significant impact on businesses, consumers, and the global economy. Asia is to become a major economic center and consumer and producer of services and goods. And economic growth means prosperity, low unemployment levels, and better standard of living and earning power. More than 60 percent of young people (15 to 24 years of age) live in the Asian region. In contrast, population ageing is a phenomenon associated with developed countries like the U.S., Canada, and most of Europe. In Asia, the trend is toward upward mobility. The region will need more oil and more of everything. This is a great opportunity for Canada and its oil producers. Asian countries are competing for resources.
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